FY25 Results Announcement and FY26 Guidance

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Stock AGL Energy Ltd (AGL.ASX)
Release Time 13 Aug 2025, 8:34 a.m.
Price Sensitive Yes
 AGL Energy Ltd reports FY25 results and FY26 guidance
Key Points
  • Statutory Loss of $98 million, including significant items of $596 million
  • Underlying EBITDA of $2,010 million, down 9% on FY24
  • Underlying NPAT of $640 million, down 21% on FY24
  • FY26 guidance: Underlying EBITDA $1,920-$2,220 million, Underlying NPAT $500-$700 million
Full Summary

AGL Energy Limited (AGL) has announced its results for the twelve months ended 30 June 2025 (FY25). The company reported a Statutory Loss after tax of $98 million, which included significant items of $596 million (post-tax), comprising an increase in onerous contracts of $398 million, Retail Transformation costs of $87 million, and a negative movement in the fair value of financial instruments of $142 million. Underlying Net Profit after tax, which excludes these items, was $640 million, down 21% on FY24. Underlying EBITDA was $2,010 million, down 9% on FY24, in line with the company's guidance. AGL has declared a final fully franked dividend for FY25 of 25 cents per share, with a total dividend for the year of 48 cents per share. For FY26, AGL has provided earnings guidance, with an expected Underlying EBITDA range of $1,920 to $2,220 million and Underlying Net Profit after tax between $500 and $700 million. The expected increase in Underlying EBITDA for FY26 reflects an improvement in plant availability and fleet flexibility, including the commencement of operations of the Liddell Battery, as well as increased Customer Markets earnings due to an improvement in margin and growth. These drivers are expected to be partially offset by gas margin compression and higher operating costs. The expected decrease in Underlying Net Profit after tax for FY26 is due to an increase in depreciation and amortisation and higher finance costs.

Guidance

FY26 Underlying EBITDA between $1,920 and $2,220 million, FY26 Underlying Net Profit after tax between $500 and $700 million.

Outlook

AGL expects an improvement in plant availability and fleet flexibility, including the commencement of operations of the Liddell Battery, as well as increased Customer Markets earnings due to an improvement in margin and growth. These drivers are expected to be partially offset by gas margin compression and higher operating costs.